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S 1127 114th Congress Senate Taxation Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Income tax deductions Wages and earnings

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Introduced: April 29, 2015 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2532)
Apr 29, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

Stop Subsidizing Multimillion Dollar Corporate Bonuses Act

Amends the Internal Revenue Code, with respect to the $1 million limitation on the deductibility of employee compensation, to: (1) extend such limitation to any individual who is a current or former officer, director, or employee of a publicly-held corporation; (2) eliminate the exemption from such limitation for compensation payable on a commission basis or upon the attainment of a performance goal; and (3) make such limitation applicable to all publicly-held corporations that are required by the Securities and Exchange Commission to register securities and provide periodic reports to their investors.

What's happening now April 29, 2015

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2532)

 Related & companion bills 4
  • S 2251 Related bill SAVE Benefits Act
  • S 2677 Related bill In the Red Act of 2016
  • HR 5106 Related bill In the Red Act of 2016
  • HR 2103 Related bill Stop Subsidizing Multimillion Dollar Corporate Bonuses Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 6 Independent 1
D
Merkley, Jeff
Oregon · Sep 26, 2016
 D
Markey, Edward J.
Massachusetts · Jun 20, 2016
 D
Baldwin, Tammy
Wisconsin · Dec 3, 2015
 I
Sanders, Bernard
Vermont · Sep 16, 2015
 D
Whitehouse, Sheldon
Rhode Island · May 6, 2015
 D
Warren, Elizabeth
Massachusetts · Apr 30, 2015
 D
Blumenthal, Richard
Connecticut · Apr 29, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1127: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-1127/
MLA
"S. 1127: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1127/.
Bluebook (legal)
S. 1127, 114th Cong. (2026), https://openamerica.io/bill/114-S-1127/.
Markdown link
[S. 1127: Stop Subsidizing Multimillion Dollar Corporate Bonuses Act](https://openamerica.io/bill/114-S-1127/)
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